Vodafone Idea Share Price | Penny stock will again give fast returns, note the beneficial update, target price – NSE: IDEA
Vodafone Idea Share Price | Vodafone Idea Limited announced its second quarter results on Wednesday. (NSE: IDEA) Announced. Vodafone Idea Ltd's consolidated revenue rose 4 per cent to Rs 10,932 crore in the second quarter. After the second quarter results, JPMorgan brokerage firm gave positive signals about Vodafone Idea Limited Company shares. (Vodafone Idea Limited Company Excerpt)
J.P. Morgan Brokerage Firm – Target Price
JPMorgan brokerage firm has said in a statement on Vodafone Idea shares that Vodafone Idea is likely to remain in the negative zone in the second quarter. Apart from this, the EBITDA of the company has become weak. JPMorgan brokerage firm expects the capital expenditure of Vodafone Idea company to increase rapidly. According to JPMorgan, the reaction of Vodafone Idea shares will depend on the loan financing and updates from management. JPMorgan brokerage firm has given neutral rating for Vodafone Idea stock with a target price of Rs 10 for Mumbai Idea. Vodafone Idea reported 4 percent growth in second-quarter revenue to Rs 10,932 crore, while revenue loss widened to Rs 6,432 crore from Rs 7,176 crore. Shares of Vodafone Idea were trading at Rs 7.35, down 0.14 percent on Thursday, October 14. On Monday (18 November 2024), the stock was trading at Rs 7.27, down 0.95%.
Share gave 101% return
Vodafone Idea shares have fallen 20.88% in the last one month. Vodafone Idea shares have fallen 44.11% in the last six months. The stock has declined 48.96% in the last one year. The stock has declined 56.76% on a YTD basis. However, Vodafone Idea shares have given 101.37% returns in the last five years.
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